Lundin conducts geological & technological studies on Cendrawasih VII Block

JAKARTA (rambuenergy.com) – Lundin Petroleum AB, a Swedish oil and gas company, said is undertaking geological and technical studies on the Cendrawasih VII Block, offshore eastern Indonesia.

In addition, as part of the 2D seismic acquisition over Cendrawasih VIII, approximately 200 km of 2D lines were also shot over the Parson prospect on Cendrawasih VII.

Lundin holds 100 percent working interest in the block.

Processing of these lines was completed during the reporting period and interpretation is ongoing.

Lundin also said in November 2014 Lundin Petroleum entered into a Joint Study Agreement for 100 percent of the Cendrawasih VIII Block which is contiguous to Cendrawasih VII Block.

The acquisition and processing of approximately 2,300 km of 2D seismic was successfully completed during the reporting period and interpretation is ongoing.

As for Singa field, the company said the production of the field has been in line with the forecast. The field was shut-in during part of 2014 to allow for a re-reouting of the gas pipeline and re-commenced production in late 2014.

Lundin holds 25.9 percent working interest in the Singa Field.(*)

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